Rare investment opportunity in Fort Lauderdale — a 4-unit apartment complex at 700 SW 16th Ave. This 3,047 SF building on a spacious 10,000 SF lot includes four large and spacious 2-bedroom, 1-bath units. Each unit features central AC and individual electric meters. The property currently generates $6,700 in monthly rental income, with strong upside potential to increase rents to approximately $8,800 per month when adjusted to market rates. Ideally located minutes from I-95, Fort Lauderdale-Hollywood International Airport, downtown, and the beach, this property offers excellent access and sits in one of South Florida’s fastest-growing markets.
Listed by Elior Levi
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License #3574869
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Fausto Commercial Realty Consultants Inc
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954-743-7594
Last updated September 03, 2025
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Source: MIAMIRE #A11855351
Listing Facts
TypeMulti-family
NeighborhoodRiverside Park
Days on Prevu23
Taxes$14,125/year
Size3,047 sqft
Price per sqft$345
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
09/03/2025
Price Decreased
$1,050,000
08/17/2025
Listed by Fausto Commercial Realty Consultants Inc
$1,100,000
Property Details for 700 SW 16th Ave
Association
General
Number Of Units In Community: 4
Exterior
Construction
Roof: Shingle
Stories: 1
Stories Total: 1
Structure Type: Quadruplex, Fourplex
Year Built: 1970
Year Built Details: Resale
Architectural Style: Detached
Building Name: RIVERSIDE NO 2
Construction Materials: Concrete Block Construction, CBS Construction
Measurements
Building Area Total: 3,047
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 504209030110
Tax Annual Amount: $14,125.00
Tax Year: 2024
Interior
Features
Flooring: Tile, Vinyl
Measurements
Living Area: 3,047
Living Area Units: Square Feet
Other
Location
Subdivision Name: RIVERSIDE NO 2
Parking
Parking
Parking Total: 8
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Sewer: Public Sewer
Water Source: Municipal Water
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.